QuanYi
Long

A good opportunity to long the cable.

FX:GBPUSD   British Pound/U.S. Dollar
Targets are 1.567 and 1.59.

Here is a good opportunity to go long on the GBPUSD             . Basis to substantiate this is that a spinning top with high volume has formed and rested on the trend channel support. This proves a great conviction that prices will bounce off the current level and approach 1.567. The news release displayed bad data for the USD thus creating a reversal for the cable.

Comments and advice are greatly appreciated. This is purely my opinion on GBPUSD            

Related Ideas

Adhami
2 years ago
agreed
Reply
Adhami
2 years ago
I think cable will test your T2
Reply
QuanYi Adhami
2 years ago
:)
Reply
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